Te pŪrongo 2012
Notes to the financial statements (continued)
6
Debtors and other receivables (continued)
Impairment
The ageing profile of receivables at year end is detailed below:
2012
2011
Gross Impairment Net
Gross Impairment
Net
$’000 $’000 $’000 $’000 $’000 $’000
Group
Not past due
2,499
-
2,499
1,577
-
1,577
Past due 1-60 days
229
-
229
18
-
18
Past due 61-120 days
110
-
110
43
(6)
37
Past due > 120 days
443
(33)
410
358
(14)
344
Total
3,281
(33)
3,248
1,996
(20)
1,976
Parent
Not past due
2,309
-
2,309
2,077
-
2,077
Past due 1-60 days
163
-
163
18
-
18
Past due 61-120 days
23
-
23
43
(6)
37
Past due > 120 days
476
(33)
443
358
(14)
344
Total
2,971
(33)
2,938
2,496
(20)
2,476
All receivables greater than 30 days in age are considered to be past due.
The impairment provision has been calculated based on expected losses for Te Wānanga o Aotearoa and the pool
of receivables. Expected losses have been determined based on an analysis of losses for Te Wānanga o Aotearoa in
previous periods and a review of specific receivables.
Other impaired receivables have been determined to be impaired because of the significant financial difficulties
being experienced by the debtor.
Movements in the provision for impairment of receivables are as follows:
Group Group Parent Parent
2012 2011 2012 2011
$’000 $’000 $’000 $’000
At 1 January
20
137
20
137
Additional provisions made during the year
169
190
169
190
Receivables written off during the period
(156)
(307)
(156)
(307)
At 31 December
33
20
33
20
90
